90 Canada Drive
St. John's, NL, A1E4H4
5 Beds | 3 Baths
$339,900
About the property (MLS: 1272583):
Come see 90 Canada Drive, this two Apartment home. presents an excellent investment prospect or a comfortable family home rate in the heart of Cowan Heights. Closely situated next to Topsail Road, the Village Mall, and various nearby schools, ex; Hazel Wood Elementary. This location offers accessibility and convenience. The upstairs unit has three spacious bedrooms upstairs, three piece bathroom and another bedroom downstairs with another three piece bathroom and rec room providing a fun area for children to play or to just relax. This property had most of the windows replaced in 2022,the one bedroom basement apartment was totally renovated under an insurance claim 2022.A complete new deck on the front of the house was completed in 2023 and hot water boiler completed in 2020 ensuring efficient functionality. Both units are rented with great tenants upstairs and down. Fireplace has not been used in 10+ years, Purchasers responsible to have WETT certified. (id:56688)
Property Details
Listing ID: 26938179
Address: 90 Canada Drive, St. John's, Newfoundland & Labrador, Canada A1E4H4
Status: Active
Last updated: 2 years ago ( May 24, 2024 )
Year Built: 1977
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Hot water radiator heat, Baseboard heaters, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Other
Fencing: Fence
Living Area Total: 2,436 square feet
Price per sq ft: $140
Tax Annual Amount: $2,388
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Hot water radiator heat, Baseboard heaters, Oil
Flooring: Hardwood, Other
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 43
Rurl
Coordinates: [47.532737, -52.762278]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Laundry room Bath (# pieces 1-6) Bedroom Recreation room | 8.3x6.1 feet 8.2x13.2 feet 10.8x13.2 feet 10.11x11.5 feet 9.2x10.1 feet 6.2x10.1 feet 11.3x10.8 feet 19.3x16.2 feet |
| Main level | Bath (# pieces 1-6) Dining room Kitchen Bedroom Bedroom Primary Bedroom Living room Foyer | 7.2x10.8 feet 9.1x12.3 feet 11.2x12.3 feet 9.8x12.0 feet 9.8x12.3 feet 15.1x12.9 feet 16.2x16.4 feet 5.6x4.1 feet |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,680 | $32,160 |
| Gross rental income (income/principal ratio) | 0.788% | 9.462% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $134 | $1,608 |
| Management Fee | $215 | $2,573 |
| Expense / Income Ratio | 15.86% | 15.86% |
| Cash Flow | $1,907 | $22,884 |
| Net Operating Income (NOI) | $1,907 | $22,884 |
| Capitalization Rate | 0.56% | 6.73% |
